Funding you earn now, next payment 08:00 UTC−0.0024%/8h= −2.6% APRnext payment −$0.24 per $10,000 · paid last 24h +0.008%
Price spread now: BloFin against Bybit+0.012%102s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 102 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SMHUSDT | 592.16 | 0 | get 0.0000% / 8h | 11m 40s | $299K | $391K | 25x |
| Short | BloFin SMH-USDT | 592.23 | −0.0024 | pay 0.0024% / 8h | 11m 40s | $47K | $29K | 20x |
Bybit SMHUSDT
BloFin SMH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$4.97
- Price spread: +0.012% → 0.000%
- $1.18
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$26.79
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 54 min ago; BloFin: no order-book sample. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bybit live order book, 54 min ago | 7.93 bp | 49.5 bp −$49 | 213.1 bp −$2,131 | doesn't fit | doesn't fit |
| Sell BloFin no order-book sample | — | — | — | — | — |
BloFin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
SMH on 11 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin SMH-USDTshort | −0.0024% | 8h | 592.23 | +0.012% | $47K | $29K | 20x | |
| Binance SMHUSDT | 0.0000% | 8h | 592.64 | +0.082% | $720K | $810K | 20x | as long as short |
| Bybit SMHUSDTlong | 0.0000% | 8h | 592.16 | long leg | $299K | $391K | 25x | |
| QFEX SMH-USD | 0.0000% | 1h | 592.16 | 0.000% | $1.1M | $6.2M | 10x | as long as short |
| Gate SMH_USDT | 0.0000% | 8h | 591.90 | −0.044% | $185K | $30K | 20x | as long as short |
| MEXC SMH_USDT | 0.0000% | 8h | 592.52 | +0.061% | $561K | $129K | 20x | as long as short |
| Bitget SMHUSDT | 0.0000% | 8h | 592.64 | +0.081% | $679K | $48K | 20x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 592.31 | +0.025% | — | — | 25x | as long as short |
| OKX SMH-USDT-SWAP | +0.0073% | 8h | 592.29 | +0.022% | $499K | $356K | 20x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 594.81 | +0.448% | $7K | $47K | 10x | as long as short |
Binance SMHUSDT
QFEX SMH-USD
Gate SMH_USDT
MEXC SMH_USDT
Bitget SMHUSDT
Vest SMH-USD-PERP
OKX SMH-USDT-SWAP
HTX SMH-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:SMH | +0.0535% | 1h | 592.30 | +0.024% | $3.2M | $2.0M | 20x | as long as short |
tradeXYZ xyz:SMH